Italian Team Owner May Pull Out Of America’s Cup

SAN FRANCISCO, CA - AUGUST 23: Team luna Rossa Swordfish skippered by Paul Campbell James in action during a fleet race in the America's Cup World Series on August 23, 2012 in San Francisco, California. (Photo by Ezra Shaw/Getty Images)Team luna Rossa Swordfish skippered by Paul Campbell James in action during a fleet race in the America's Cup World Series on August 23, 2012 in San Francisco. (Photo by Ezra Shaw/Getty Images)

SAN FRANCISCO (CBS/AP) — The Italian entry in the America’s Cup sailing races said the owner of the boat is coming to San Francisco to decide whether to compete.

On Thursday, the Luna Rossa team announced Patrizio Bertelli was closely following developments after the death of a competing sailor on a training run last week.

Italian team officials said an announcement on their participation in the race might be made on Friday.

On Wednesday, America’s Cup officials said they were confident all entries would compete in the 34th America’s Cup event after they talked with all four teams involved.